BUSINESS

China Summons Chip Giant Nvidia Over Alleged Security Risks

Nvidia is a world-leading producer of AI semiconductors, but the United States effectively restricts which chips it can export to China on national security grounds
Chinese internet authorities summoned Nvidia on Thursday to discuss "serious security issues" over some of its artificial intelligence (AI) chips, as the US technology giant finds itself entangled in trade tensions between Beijing and Washington.
BIWC Group

BIWC Group: Unveiling the Shadows of corporate deception

In the cutthroat world of business, trust can often be elusive, and it can take a team of skilled professionals to expose deception and protect the innocent. This is where BIWC Group enters the stage; a business intelligence agency led by ex-Israeli special forces with a global network of contacts and an almost endless outreach.
More news
Social media giant Meta posted a net profit of $18.3 billion in the second quarter, exceeding Wall Street expectations

Meta Beats Expectations Sending Share Price Soaring

Meta reported robust second-quarter financial results Wednesday, with revenue jumping 22 percent year-over-year to $47.5 billion as the social media giant continues investing heavily in artificial intelligence.
Citing "persistent engine supply issues" for its popular A320 jets, Airbus said 306 planes had been delivered overall in the first half, down from 323 in the first half of 2024

Airbus First-half Profit Climbs 85% To $1.7 Bn

European aerospace group Airbus posted an 85-percent rise in first-half profit Wednesday to $1.7 billion, even though it delivered fewer commercial planes compared with the same period last year.
Truck and car maker Tata Motors will buy Iveco of Italy

Tata Motors To Buy Italy's Iveco For $4.4 Bn

Tata Motors of India will buy Italy's Iveco Group for 3.8 billion euros ($4.4 billion) in a bid to create a "global champion" in the commercial vehicles sector, the two companies said Wednesday.
The bank recorded a $2.1 billion impairment linked to its stake in China's Bank of Communications

HSBC Banks Lower Profits On Higher Costs

Bank giant HSBC said Wednesday that group profits fell in the first half on higher costs but noted that it was "well positioned" to deal with the effects of US tariffs.

Pages

IBT Spotlight

We Help Businesses Find B2B Service Providers They Can Trust.